Levine also received a pay raise that will bump his salary to $925,000 a season.
Levine took over the program at the end of the 2011 season, when Kevin Sumlin left to take the head coaching job at Texas A&M. Levine is 14-12 overall in his two seasons in Houston.
"I am very humbled by the opportunity to lead the University of Houston football program. I'm also very appreciative of and thankful for the commitment shown by our University and its administration as we continue to grow and elevate our football program. I am very proud of our student-athletes and staff, and how they have represented our University both on and off the field," Levine said."
Last season, the Cougars finished 8-5 (5-3 AAC) and lost to Vanderbilt 41-24 in the BBVA Compass Bowl.SI.COM STAFF: The 100 things we’re most excited for in the 2014 college football season (Nos. 80-61)